Business IGCSE Key Terms

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Across
  1. 5. the growing integration of the world's economies
  2. 6. A payment system where employees are paid an agreed rate for every item produced
  3. 7. A business that that is owned by one person who has unlimited liability
  4. 9. The share of the profit received by a shareholder
  5. 11. Giving official authority to employees to make decisions and to control their own work activities.
  6. 12. The income from sales; price x quantity sold
  7. 13. When a business sell shares publicly on the stock exchange for the first time
  8. 14. The process of finding and selecting workers.
  9. 15. The difference between revenue and cost of sales
  10. 16. Referred to informally as firing or sacking. It is the termination of employment by an employer against the will of the employee.
  11. 17. process of reducing capacity, usually by laying off staff
Down
  1. 1. A cost-based method for setting the prices of goods and services and is calculated by adding a mark-up percentage to the cost of the product: ___________ pricing
  2. 2. Goods or services that are produced in this country and sold to other countries
  3. 3. The money raised by a business from the sale of shares
  4. 4. A method used to analyse the product portfolio of a business that contains stars, Cash cows, question marks and dogs.
  5. 8. Where a business acquires another business
  6. 9. Authority to pass down from superior to subordinate.
  7. 10. A type of public relations where a business aims to improve brand awareness through making donations to individuals and organisations